The AOCE and WB have moderate overall forecasts for the metals in 2025 inline with IMF forecasts for a decline in economic growth and inflation, although we see the probability of a stagflationary scenario as still reasonably high.Read More
The past year was a difficult one overall for the metals, with the main standouts to the upside being a geopolitical risk-driven gain in gold, a China-driven rise in iron ore and a surge in uranium on broadening global support for nuclear power (Figure 1). A jump in global interest rates to near two-decade highs saw recession fears persist all year, and while one still did not actually eru...Read More
This year the post-global health crisis boom was brought to an end by a surge in inflation to forty-year highs, a major rise in global interest rates in an attempt to curb the rising prices and surging geopolitical risk after Russia's invasion of Ukraine. While precious metals held up reasonably well as markets turned to them as a risk hedge, by Q2/22 the higher interest rates put an end t...Read More
Chile is the world leader in copper production, at 28.5% of the total in 2020, and this looks set to continue, with the country having the largest global reserves, at 23.0% of total. It is also the global leader for molybdenum, which is often found along with copper, and is a major lithium player, holding 51.1% of global reserves. Read More
Newfoundland has become a gold exploration hotspot over the past few years, with the sector seeing some of its strongest activity ever. While the province remains a small contributor to Canadian gold production, it has a substantial mineral industry well supported by the government, focused on iron ore, copper and nickel, and the surge in exploration suggests that gold output from the...Read More
Nevada is the core of the U.S. gold output, accounting for by far the majority, at 75.4% on average for the past year. The state looks set to remain a dominant player in U.S. gold, as it accounts for 49% of total U.S. reserves, with Alaska slightly ahead with 51% of reserves, but just 8.6% of current production. The U.S. accounts for 6.1% of global gold output, making Nevada one of the largest gol...Read More
The Golden Triangle in northwestern British Columbia has historically been a major site of Canadian gold production, beginning as early as the mid 1800s. There was a wave of production in the 1990s which cooled as the gold price declined, but larger scale production resumed in 2017, and the area has seen surging exploration interest over the past year, given that the region has some of the largest...Read More
In this report we outline the Quebec gold mining industry, including its major producers, and a survey of many of the junior miners focused on the province. Quebec accounts for 34% of Canadian gold production (second to Ontario, with 44%) and remains a major focus for both producers and junior miners.Read More
Red Lake has been one of the most prolific gold mining districts in Canada and the world, with exploration having started in the 1920s, and production, which began in the 1930s, continuing to the present day. The district is known for the high grade of its gold, its infrastructure, and strong institutional support, given the long history of mining in the area.Read More
Should free speech cover criticizing the government? That is kind of the whole point, right?An Oregon man is suing Portland for violating his first amendment right to free speech after he was fined $500 for calculating how long yellow lights stay yellow and then speaking publicly about it.Free speech? No. The city considers making and disseminating calculations about public works “engineerin...Read More
Africa's mining potential is not longer the main attraction for foreign capitals wanting to invest in the continent, a study published Wednesday shows.According to the latest "Africa Attractiveness" report by EY, the mining sector, including industrial and precious metals, coal, oil, as well as natural gas, collectively accounted for just 6.2% of foreign direct investment (FDI) that landed in Af...Read More
An autonomous region of Papua New Guinea has lifted a ban on mining that has been in place since 1971 - but it will not allow the restart of the controversial Panguna copper mine which has been the source of deadly internal strife.The mining ban on the island of Bougainville did not include the Panguna mine, which opened in 1972 and was majority-owned by Rio Tinto (LON:RIO). The mine was operated...Read More
(Adds comment from Freeport, paragraph 6)TIMIKA, Indonesia, May 1 (Reuters) - Thousands of workers from the Indonesian unit of Freeport McMoRan Inc FCX.N staged a rally near its Papua mine on Monday, a union leader said, protesting against layoffs by the miner due to a contract dispute with the government.The union representing a third of the 32,000 workforce sent a notice to Freeport on Monday th...Read More
If you stay inside the United States you will remain free, safe, and prosperous. If you even so much as step foot outside of the United States, you will probably be murdered, if not taken. At least that is what the State Department would have you believe.Extremists are on the loose in Europe, where they have demonstrated their ability to carry out various attacks using firearms, explosives, vehicl...Read More
If you stay inside the United States you will remain free, safe, and prosperous. If you even so much as step foot outside of the United States, you will probably be murdered, if not taken. At least that is what the State Department would have you believe.Extremists are on the loose in Europe, where they have demonstrated their ability to carry out various attacks using firearms, explosives, vehicl...Read More
The copper price had its best day in a month, but commodity analysts were at a loss to explain why.The red metal shot up over 2.5% this morning with July copper futures reaching $2.69 a pound, the highest they've been since April 5.The jump could be explained by the fact that workers today at Freeport-McMoRan's (NYSE:FCX) Grasberg mine rallied ahead of an expected month-long strike. The miners at...Read More
The concerns of the mining industry have not been featured as prominently this provincial election cycle as they have in the past.In the 1990s, investment in mineral exploration was at a 20-year low, with large swaths of capital and people leaving the provincial mining sector. The industry wanted change.In 2017, the mining industry is less vocal - and that's likely a sign of the stability of Briti...Read More
Entrepreneur, financier and company-maker Robert Friedland will be recognized with the Lifetime Achievement Award at The Northern Miners Canadian Mining Symposium at the Canada House in London, U.K., on May 9, 2017. In honour of that achievement, we have put together an interactive timeline of his major achievements and milestones since he graduated with a Bachelor of Arts degree in political scie...Read More
(Updates prices, changes comment)* Light trading as Europe, other markets close for May Day* Report says Trump mulls breaking up banks; sector stocks wobbly* U.S. manufacturing slows, consumer spending flatBy Rodrigo CamposNEW YORK, May 1 (Reuters) - Apple shares (NASDAQ:AAPL) hit a record high on Monday, lifting U.S. stocks and a gauge of key world equity indexes, while data on U.S. drilling and...Read More
(Updates with U.S. markets, changes dateline from previous TOKYO)* Light trading as Europe, other markets close for May Day* Apple shares (NASDAQ:AAPL) hit record high; earnings due Tuesday* U.S. manufacturing slows, consumer spending flatBy Rodrigo CamposNEW YORK, May 1 (Reuters) - Apple shares hit a record high on Monday, lifting U.S. stocks and a gauge of key world equity indexes, while data on...Read More
TIMIKA, Indonesia, May 1 (Reuters) - Thousands of workers from the Indonesian unit of Freeport McMoRan Inc FCX.N staged a rally near its Papua mine on Monday, a union leader said, protesting against lay offs by the miner due to a contract dispute with the government.The union representing a third of the 32,000 workforce sent a notice to Freeport on Monday threatening to strike from May 1 to the en...Read More
Investing.com - Gold prices declined in European trading on Monday, falling toward a three-week low after U.S. congressional leaders reached an agreement to fund the government through the fall.Comex gold futures lost $4.50, or around 0.4%, to $1,263.80 a troy ounce by 2:55AM ET (06:55GMT). Meanwhile, spot gold was at $1,262.50.Also on the Comex, silver futures inched down 9.8 cents, or about 0.6%...Read More
Palisade Research May 1, 2017 Category: Research Before scrolling down, take a guess at the three best and worst performing commodities of 2016 and 2017!Ok now go... 2016 was a good year for commodities. The Bloomberg Commodity Index, which is a diversified benchmark for commodity investments, gained 10%. Uranium ended the year down 41%! The nuclear sector spent much of 2016 continuing its...Read More
Palisade Research May 1, 2017 Category: Research Before scrolling down, take a guess at the three best and worst performing commodities of 2016 and 2017!Ok now go... 2016 was a good year for commodities. The Bloomberg Commodity Index, which is a diversified benchmark for commodity investments, gained 10%. Uranium ended the year down 41%! The nuclear sector spent much of 2016 continuing its...Read More
Palisade Research May 1, 2017 Category: Research Before scrolling down, take a guess at the three best and worst performing commodities of 2016 and 2017!Ok now go... 2016 was a good year for commodities. The Bloomberg Commodity Index, which is a diversified benchmark for commodity investments, gained 10%. Uranium ended the year down 41%! The nuclear sector spent much of 2016 continuing its...Read More
Palisade Research May 1, 2017 Category: Research Before scrolling down, take a guess at the three best and worst performing commodities of 2016 and 2017!Ok now go... 2016 was a good year for commodities. The Bloomberg Commodity Index, which is a diversified benchmark for commodity investments, gained 10%. Uranium ended the year down 41%! The nuclear sector spent much of 2016 continuing its...Read More
Palisade Research May 1, 2017 Category: Research Before scrolling down, take a guess at the three best and worst performing commodities of 2016 and 2017!Ok now go... 2016 was a good year for commodities. The Bloomberg Commodity Index, which is a diversified benchmark for commodity investments, gained 10%. Uranium ended the year down 41%! The nuclear sector spent much of 2016 continuing its...Read More
Did you know that in addition to ice cream, Ben and Jerry’s serves up delicious propaganda? Nom, Nom, Nom. Mmmm. I feel informed.And it is actually pretty good propaganda, in that it contains little chocolaty chunks of truth. You have got to mix some gooey truth morsels in if you want your cold creamy lies to sell.I was actually pretty surprised to be reading news on Ben and Jerry’s ic...Read More
Did you know that in addition to ice cream, Ben and Jerry’s serves up delicious propaganda? Nom, Nom, Nom. Mmmm. I feel informed.And it is actually pretty good propaganda, in that it contains little chocolaty chunks of truth. You have got to mix some gooey truth morsels in if you want your cold creamy lies to sell.I was actually pretty surprised to be reading news on Ben and Jerry’s ic...Read More